Life insurance business growth outpaces non-life in Poland

Last year the country’s life insurance market grew by 21% and now accounts for almost 50% of the total insurance market

Poland’s life insurance market is growing at such a rate that it is closing the gap on the traditionally larger non-life market and last year recorded premiums of PZ15,336mn (US$4,916mn), just PZ200mn shy of the non-life total for the year. Life premiums increased by 21.3% last year against non-life’s growth rate of 5.4% and now accounts for 49.6% of the total insurance market